In 1991, Gaylun and Karen Smith started HVM Smith Management Inc., after the apartment acquisition company they were working for liquidated their holdings around Brigham Young University. Starting out with a handful of third party contracts, Gaylun served as the general manager and oversaw maintenance, while Karen directed the accounting and office operations for the company.

Over the years, the couple's mantra of "Do it right, or not at all" was recognized by more apartment owners in the community. Brigham Young University began to recommend the company to apartment owners who were struggling to fill and protect their complexes.

In 2009, Gaylun and Karen became partners with David Bailey and Grant Collard, reinventing the firm under the name Redstone Residential, and in order to facilitate growth and streamline operations in the rapidly-expanding firm.

Currently, the company is the largest third-party provider of student housing management in Utah. Every one of the company's clients has come as a result of recommendations and referrals by University Officials, bankers, appraisers, and apartment brokers.

What We Do

Focus on Student Housing – Redstone Residential specializes in providing consulting and management of student housing. We have distinguished ourselves within the industry by focusing on improving overall asset performance for our clients, while at the same time protecting the reputations and long-term value of properties.

Experienced Student Housing Team – With over 100 years of student housing management experience, Redstone Residential's partners and regional managers have the know-how to make the best of any situation. We actively engage with the universities that we partner with, and partners of the company have served in various capacities with regional apartment associations.

Data-Driven Decision Making – We have developed state-of-the-art systems, procedures, and controls for our management and accounting systems. We rely heavily upon real-time, real-world data for every major decision that we make.

Leading Consultant - We provide consulting services to private developers and investors. Our professionals have pushed many developments through entitlement and approval processes with cities and universities. Our consulting team conducts detailed market analyses and performs due diligence for acquisitions. Additionally, we have saved our clients tens of thousands of dollars in property tax savings through aggressive tax challenges over the years.

Volume Purchasing Programs – Our purchasing programs benefit clients through economies of scale. We have close relationships with local suppliers and service companies in order to secure the best rates and pass on savings to client properties.